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December 1, 2017

The Benefits of Building a Multigenerational Addition

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The Benefits of Building a Multigenerational Addition

During the U.S. recession around ten years ago, a living trend called “multigenerational households” became increasingly common throughout the country. Multigenerational households refer to a house that includes two or more adult generations; whether baby boomer parents and their adult children or a household with grandparents and grandchildren. This trend arose in an effort for families to share mortgages, student loan debts, and costs of living. Though the recession officially ended seven years ago, multigenerational households have actually increased in number by two percent since the end of the recession.

There are many benefits to living in a multigenerational household, but it is equally as important that your house can accommodate the increased number of people living in the same space. In this case, building an addition to your house for the specific purpose of multigenerational living can have many benefits. A multigenerational addition is an additional section of the house that is typically comprised of essential rooms, such as a bedroom, small kitchen and bathroom, and a living area. Even finishing a basement to become a livable space or adding amenities to existing rooms in your house can provide the resources necessary to accommodate others living in your house.

More Room

The most tangible benefit of a multigenerational addition is to have more room to house multiple relatives. Considering a house is usually purchased with the size of your immediate family in mind, chances are it could get fairly crowded in a home not intended to accommodate adult children or grandparents. Having ample space to allow people to not be constantly stepping over each other pays off in peace of mind and living quality.

Privacy

While everyone may be family who is living together (or even friends in some cases), people still value their individual privacy in their living space. The benefit of an entirely new addition to the house is that it essentially acts almost as an additional apartment, allowing complete separation between the original occupants of the house and those who are joining. Consider adding a second entrance to an addition for complete separation and privacy. And of course, even with a separated addition, the benefits of mingling and bonding with family members can still be enjoyed in the more communal areas of the house.

Financial Support

While building a multigenerational addition to your house can cost a significant amount of money, don’t forget that you’re building it to essentially accommodate new tenants that can chip in to offset or entirely cover not only the cost of the addition, but any living expenses as well. More members in the household means more independent incomes to contribute to the mortgage, groceries, home improvements, repairs, and any other expenses incurred.

Planning for the Future

Even if you feel you don’t have a need for a multigenerational addition at the moment, planning ahead and building one now gives you the option to enable family and friends to move in when the situation arises. If you have the resources and desire to build an addition to your home regardless of the multigenerational concept, consider building it with an element of adaptability towards accommodating long-term or permanent guests in the future. Given the steady increase of multigenerational homes in the U.S., you never know what the future can hold for you or your family, and it couldn’t hurt to be prepared.

Considering building a multigenerational addition to your home? Morgan Contractors has years of experience in high-quality construction, design and remodeling. Contact us at our website today to see how we can make your new living space come to life.

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